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If you wanted to compare countries on the basis of how globalized they are, how could you construct some numerical measures that would allow a cross-country comparison?
Economics:
Economics:
If you wanted to compare countries on the basis of how globalized they are, how could you construct some numerical measures that would allow a cross-country comparison?
To explain:
The manner for construction of some numerical measures allowing comparison on a cross- country basis.
Explanation of Solution
One of the methods to measure the globalization of a nation is a ranking method provided by the KOF Swiss Economic Institute.
It ranks nations into three categories:one of them being economic globalization. The flow of services, goods, capital and information that market exchanges is called economic globalization. The countries are also ranked based on political globalization...
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